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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share data):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(31,661

)

 

$

(24,045

)

 

$

(61,803

)

 

$

(46,608

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

113,425,357

 

 

 

47,208,664

 

 

 

104,150,625

 

 

 

35,717,309

 

Net loss per share, basic and diluted

 

$

(0.28

)

 

$

(0.51

)

 

$

(0.59

)

 

$

(1.30

)

Summary of Potential Common Shares Excluded from Computation of Diluted Net Loss per Share The Company excluded the following potential common shares from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

June 30,

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

12,804,957

 

 

 

11,718,296

 

Common stock issuable upon conversion of Loan Agreement

 

 

6,269,592

 

 

 

4,829,957

 

Potential shares issuable under the ESPP

 

 

69,617

 

 

 

-

 

Total

 

 

19,144,166

 

 

 

16,548,253